First of America Bank - Northwest Indiana, National Association in city_name, state_name

First of America Bank - Northwest Indiana, National Association in La Porte, Indiana (IN)
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First of America Bank - Northwest Indiana, National Association - Overview

General
FDIC Certificate #: 4351
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First of America Bank-Indiana (#13100)
Federal Reserve ID: 342045
Date Established: January 01, 1863
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 9 (Interstate: No)
OTS Docket #: 11938
FDIC's unique #: 2859
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 05, 1995
Last Structure Change Process Date: May 12, 1995
Last Data Update: May 12, 1995
Data Source Date: April 05, 2012
Location
Address: 802 Lincolnway, La Porte, IN 46350
County: La Porte
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
Core Based Statistical Area (CBSA): Michigan City-La Porte, IN (#33140)
CBSA Metro Statistical Area: Michigan City-La Porte, IN (#33140)
Financial Summary
Total assets: $287.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$122Total assets
$294,854Cash and due from depository institutions
$17,628Interest-bearing balances
$19Securities
$79,496Federal funds sold & reverse repurchase agreements
$30Net loans & leases
$188,056Loan loss allowance
$1,952Trading account assets
$0Bank premises and fixed assets
$3,592Other real estate owned
$581Goodwill and other intangibles
$4,819Life insurance assets
$652All other assets
$0Total liabilities and capital
$294,854Total liabilities
$275,581Total deposits
$254,003Interest-bearing deposits
$218,341Deposits held in domestic offices
254003.00%% insured (estimated)
$71Federal funds purchased & repurchase agreements
$19,018Trading liabilities
$0Other borrowed funds
$735Subordinated debt
$0All other liabilities
$1,825Total equity capital
$1,825Total bank equity capital
$19,273Perpetual preferred stock
$0Common stock
$3,755Surplus
$7,563Undivided profits
Memoranda
$7,955Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$366Income earned, not collected on loans
$1,715Earning assets
$267,601Long-term assets (5+ years)
$99,913Average Assets, year-to-date
$285,354Average Assets, quarterly
$294,961Volatile liabilities
$48,309Insider loans
$9,421FHLB advances
$0Loans and leases held for sale
$777Unused loan commitments
$35,078Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$18,925Total risk weighted assets
$195,798Total unused commitments
$0Restructured Loans and leases
$488Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$19,975Total interest expense
$7,779Net interest income
$12,196Provision for loan and lease losses
$264Total noninterest income
$3,256Fiduciary activities
$1,073Service charges on deposit accounts
$1,142Trading account gains & fees
$0Additional noninterest income
$1,041Total noninterest expense
$10,216Salaries and employee benefits
$3,625Premises and equipment expense
$995Additional noninterest expense
$5,596Pre-tax net operating income
$4,972Securities gains (losses)
-$7Applicable income taxes
$1,569Income before extraordinary items
$3,396Extraordinary gains - net
$0Net income attributable to bank
$3,396Net charge-offs
$463Cash dividends
$2,400Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.60%Cost of funding earning assets
2.96%Net interest margin
4.64%Noninterest income to earning assets
1.24%Noninterest expense to earning assets
3.89%Net operating income to assets
1.19%Return on assets (ROA)
1.19%Pretax return on assets
1.74%Return on equity (ROE)
17.84%Retained earnings to average equity (YTD only)
5.23%Net charge-offs to loans
0.26%Credit loss provision to net charge-offs
57.02%Efficiency ratio
65,623Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.67%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
533.33%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.19%Net loans and leases to deposits
74.04%Net loans and leases to core deposits
83.41%Equity capital to assets
6.54%Core capital (leverage) ratio
6.50%Tier 1 risk-based capital ratio
9.67%Total risk-based capital ratio
Memoranda
$11Average assets
$285,354Average earning assets
$19,039Average equity
$262,691Average loans

First of America Bank - Northwest Indiana, National Association in La Porte, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First of America Bank - Northwest Indiana, National Association - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

First of America Bank - Northwest Indiana, National Association in La Porte, Indiana (IN)Overview, Financial Summary, Detailed Financial Reports, Branches

First of America Bank - Northwest Indiana, National Association - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

First of America Bank - Northwest Indiana, National Association in La Porte, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches